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Sri Lanka's Unique Revenue Problem
Tax to GDP and GDP per capita for most South Asian countries shows a positive relationship as can be show by the infographic below. For example Bhutan had a tax to GDP of 10% in and GDP per capita of 4% in the year 2000. By 2020, tax to GDP had risen to just over 12% with GDP per capita being just under 16%.
Featured Insight
Sri Lanka's Unique Revenue Problem
Tax to GDP and GDP per capita for most South Asian countries shows a positive relationship as can be show by the infographic below. For example Bhutan had a tax to GDP of 10% in and GDP per capita of 4% in the year 2000. By 2020, tax to GDP had risen to just over 12% with GDP per capita being just under 16%.
Featured Insight
Sri Lanka's Unique Revenue Problem
Tax to GDP and GDP per capita for most South Asian countries shows a positive relationship as can be show by the infographic below. For example Bhutan had a tax to GDP of 10% in and GDP per capita of 4% in the year 2000. By 2020, tax to GDP had risen to just over 12% with GDP per capita being just under 16%.
Featured Insight
Sri Lanka's Unique Revenue Problem
Tax to GDP and GDP per capita for most South Asian countries shows a positive relationship as can be show by the infographic below. For example Bhutan had a tax to GDP of 10% in and GDP per capita of 4% in the year 2000. By 2020, tax to GDP had risen to just over 12% with GDP per capita being just under 16%.
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Revenue
Insights and analysis of government revenue.
Sri Lanka’s Revenue: What Changed Between 2021 and 2024?
Between 2021 and 2024, Sri Lanka’s government revenue and grants rose from 8.3% to 13.7% of GDP— a 65% increase in just three years. This marks a significant turnaround from the historic low of 2021, when tax cuts substantially r...
From The PF Wire
Source:
The Morning
SCL tax revenue lost to Govt. as importers enjoy h...
The Sri Lankan government's tax revenue is experiencing a continual decline due to the inadequacy of adjusting the Special Commodity Levy (SCL) in proportion to the US dollar (USD), leading to excessive profits for traders. This has resu...
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Source:
The Morning
IRD defaulted taxes surpass Rs. 1 trillion
The Committee on Ways and Means disclosed that by the end of 2023, default taxes owed to the Sri Lankan Government had surpassed Rs. 1 trillion, with the Inland Revenue Department (IRD) accounting for a significant portion. Out of this, the...
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Source:
Daily News
Worker remittance bleeding continues despite incen...
The worker remittance income plummeted in January, continuing the months-long bleeding in the largest foreign income earner to the country, reflecting that the incentives offered by the authorities haven’t been effective in wooing migr...
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Insight on Revenue
Shrinking Tax Base Increases Tax Burden...
The income tax per person is calculated as the total government reve...
Earnings from Tourism: Are we getting it...
Sri Lanka is expecting the earnings from tourism to play a significa...
Workers’ Remittances in 2021 Falls to 10...
Remittances reached a 10-year low in 202...
Budget Obfuscates Benefit From Cigarette...
Tax on Cigarett...
Erosion of the Tax Base: A 33.5% decline...
There has been a decline in Sri Lanka'...
Income Tax Threshold Changes
Sri Lanka’s perso...
Taxing the Digital Economy
The Minister of Trade, Mr. Bandula G...
How does Sri Lanka’s Corporate Taxes Com...
A recent proposal initiated by the G7 to introduce a global mi...
Port City Commission Bill Offers Wider E...
The draft version of the Colombo Port Cit...
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Featured
Tax revenue misses IMF target in 1st quarter!
According to the 2022 Annual Report from the Ministry of Finance, tax revenue for the first quarter of 2023 experienced a surge of 56%, amounting to LKR 578 billion. This was a increase from the LKR 370 billion collected during the same peri...
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Electricity Bills in Sri Lanka: Highest in South A...
Sri Lankans pay 2.5 to 3 times more for electricity than South Asian neighbours In 2023, Sri Lanka revised its electricity charges three times in Febru...
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May fuel price update: Petrol aligned with formula...
In May 2025, the prices of both Petrol 92 and Auto Diesel were reduced in Sri Lanka. Petrol 92 dropped by LKR 6 per litre, while Auto Diesel saw a more significant cut of LKR 12 per litre. This marks the fourth consecutive month in which the...
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